What do I have to do before filing for bankruptcy?

If an individual is struggling financially, they may feel overwhelmed with the idea of not being able to repay creditors. When an individual is faced with a frozen bank account, garnished wages, judgments placed by creditors, or simply the complete inability to pay bills, it may be time to seriously think about filing for bankruptcy. Filing for bankruptcy is a great tool that is available to individuals that are unable to make payments to creditors.

Before an individual can file for bankruptcy, they will be required to take a number of initial steps. First, the individual who wishes to file bankruptcy must go through a credit counseling course within 180 days of filing. The bankruptcy code requires that credit counseling is only received through an approved agency, regardless of whether it is online, in person, on the phone, or in a group with other people. Though it is rare, emergency situations may allow the individual to be temporarily excused by the court from fulfilling this requirement. However, the court may still require that the counseling is completed within 30 or 45 days of filing bankruptcy.

Once this is completed, the individual may proceed with the bankruptcy process. If you are considering bankruptcy, it is important to meet with an experienced bankruptcy attorney that can effectively guide you through the process towards a successful financial future.